The only thing that will prevent a massive housing crash is if the government continues its pursuit of foreign wealth entering the country at the expense of the majority of its citizens. As it has been doing for the last decade. We may be running out of foreign millionaires to immigrate also Chinese debt loopholes may close preventing the crazy speculation. Currencies may be the key in determining the size of our housing crash. For example if the aussies dollar rises against the Chinese currency, chinese will sell instead of buy.
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